Coinbase Breach Impacts 70,000 Users: Data Leak Sparks Debate & Lawsuits

A recent filing from Maine’s attorney general sheds new light on the Coinbase data breach, revealing that nearly 70,000 users were affected and that the incident remained undetected for nearly six months. Legal firm Latham and Watkins LLP states that the breach occurred in December 2024 but was only discovered in May 2025. This delay has led to a flurry of lawsuits from impacted clients who argue Coinbase failed to notify them promptly about the security lapse.